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20121027
20121104
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's prescription. he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as employer and hub for manufacturing, a managed bankruptcy may be the only path the industry needs. ultimately, isn't that what happened? a managed bankruptcy by the u.s. government. >> a lot of help by the u.s. government and they would have never gotten there. the group working on this, went to his old company and said would you put some money in this in front of the bankruptcy. they said no. i think the u.s. had to step in at that paint and the taxpayers are going to get all or most of their money back as a result. >> i don't know ab
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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